MUSS DONER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MUSS DONER
Largest movements
- Tangible fixed assets +€13,637
up €13,637 (+340%), from €4,011 to €17,648
of which Furniture and vehicles: +€11,563
- Cash -€7,851
down €7,851 (-29.9%), from €26,291 to €18,440
mainly Investment in fixed assets (net) (-€23,997) and Receivables within one year (-€6,244)
- Receivables within one year +€6,244
up €6,244 (+18.8%), from €33,293 to €39,537
of which Trade receivables: +€5,093
- Stocks and contracts +€3,616
up €3,616 (+147%), from €2,455 to €6,071
- Profit (loss) carried forward +€20,525
up €20,525 (+40.3%), from €50,918 to €71,443
- Current portion of long-term debt -€1,911
no longer reported in 2024 (was €1,911)
- Trade debts -€1,896
down €1,896 (-47.0%), from €4,034 to €2,138
- Tax, wage and social debts -€1,072
down €1,072 (-11.1%), from €9,655 to €8,583
of which Taxes: -€1,421
- Purchases and services -€132,324
down €132,324 (-28.9%), from €457,314 to €324,990
- Staff costs +€32,364
up €32,364 (+2,783%), from €1,163 to €33,527
- Gross operating margin +€26,785
up €26,785 (+56.3%), from €47,607 to €74,392
- Depreciation +€7,999
up €7,999 (+339%), from €2,361 to €10,360
- Financial charges -€5,143
down €5,143 (-91.5%), from €5,620 to €477
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,518 | €82,164 | +€15,646 | +23.5% |
| Fixed assets | 21/28 | €4,431 | €18,068 | +€13,637 | +308% |
| Tangible fixed assets | 22/27 | €4,011 | €17,648 | +€13,637 | +340% |
| Plant, machinery and equipment | 23 | €452 | €2,526 | +€2,074 | +459% |
| Furniture and vehicles | 24 | €3,559 | €15,122 | +€11,563 | +325% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €62,087 | €64,096 | +€2,009 | +3.2% |
| Stocks and contracts in progress | 3 | €2,455 | €6,071 | +€3,616 | +147% |
| Stocks | 30/36 | €2,455 | €6,071 | +€3,616 | +147% |
| Amounts receivable within one year | 40/41 | €33,293 | €39,537 | +€6,244 | +18.8% |
| Trade receivables | 40 | €19,000 | €24,093 | +€5,093 | +26.8% |
| Other amounts receivable | 41 | €14,293 | €15,444 | +€1,151 | +8.1% |
| Cash at bank and in hand | 54/58 | €26,291 | €18,440 | -€7,851 | -29.9% |
| Deferred charges and accrued income | 490/1 | €48 | €48 | = | 0.0% |
| Total equity and liabilities | 10/49 | €66,518 | €82,164 | +€15,646 | +23.5% |
| Equity | 10/15 | €50,918 | €71,443 | +€20,525 | +40.3% |
| Profit (loss) carried forward | 14 | €50,918 | €71,443 | +€20,525 | +40.3% |
| Amounts payable | 17/49 | €15,600 | €10,721 | -€4,879 | -31.3% |
| Amounts payable within one year | 42/48 | €15,600 | €10,721 | -€4,879 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €1,911 | - | -€1,911 | |
| Trade debts | 44 | €4,034 | €2,138 | -€1,896 | -47.0% |
| Suppliers | 440/4 | €4,034 | €2,138 | -€1,896 | -47.0% |
| Taxes, remuneration and social security | 45 | €9,655 | €8,583 | -€1,072 | -11.1% |
| Taxes | 450/3 | €9,299 | €7,878 | -€1,421 | -15.3% |
| Remuneration and social security | 454/9 | €356 | €705 | +€349 | +98.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €457,314 | €324,990 | -€132,324 | -28.9% |
| Remuneration, social security and pensions | 62 | €1,163 | €33,527 | +€32,364 | +2,783% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,361 | €10,360 | +€7,999 | +339% |
| Other operating charges | 640/8 | €4,109 | €2,435 | -€1,674 | -40.7% |
| Gross operating margin | 9900 | €47,607 | €74,392 | +€26,785 | +56.3% |
| Operating profit (loss) | 9901 | €39,974 | €28,070 | -€11,904 | -29.8% |
| Financial charges | 65/66B | €5,620 | €477 | -€5,143 | -91.5% |
| Recurring financial charges | 65 | €5,620 | €477 | -€5,143 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €34,354 | €27,593 | -€6,761 | -19.7% |
| Income taxes | 67/77 | €9,128 | €7,068 | -€2,060 | -22.6% |
| Profit (loss) for the period | 9904 | €25,226 | €20,525 | -€4,701 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,226 | €20,525 | -€4,701 | -18.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.